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Corecard Corporation  (CCRD)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $11.3000 $0.30 2.727%
Day's High: $11.62 Week Perf: -1.14 %
Day's Low: $ 10.28 30 Day Perf: -2.75 %
Volume (M): 102 52 Wk High: $ 30.77
Volume (M$): $ 1,156 52 Wk Avg: $19.89
Open: $11.17 52 Wk Low: $10.15



 Market Capitalization (Millions $) 96
 Shares Outstanding (Millions) 8
 Employees 800
 Revenues (TTM) (Millions $) 60
 Net Income (TTM) (Millions $) 4
 Cash Flow (TTM) (Millions $) 5
 Capital Exp. (TTM) (Millions $) 6

Corecard Corporation
CoreCard designs, develops and markets a comprehensive suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs and accounts receivable and loan transactions. CoreCard utilizes the same core software solution in its processing operations as it sells to licensees, although licensees typically request a variety of customizations which may or may not deviate from the core software solution offering.
The CoreCard software solutions allow companies to offer any type of transacting account or card issuing program as well as installment and revolving loans, to set up and maintain account data, to record advances and payments, to assess fees, interest and other charges, to resolve disputes and chargebacks, to manage collections of accounts receivable, to generate reports and to settle transactions with financial institutions and network associations.
The CoreCard proprietary software applications are based on CoreCard's core financial transaction processing platform (CoreENGINE') and address the unique requirements of customers and program managers that issue or process:
Credit Cards/Loans ' revolving or non-revolving credit issued to consumer or business accounts (with or without a physical card) that typically involve interest, fees, settlement, collections, etc. Within this market, CoreCard offers software specifically tailored to handle private label cards, network branded (i.e., MasterCard, VISA or Discover) bank cards, fleet cards, loans of any type, or any other type of 'system of record' accounts receivable.
Prepaid/Debit Cards ' pre-loaded funds drawn down for purchase or cash withdrawal typically involving a variety of fees but no interest. Numerous examples exist including gift cards, loyalty/reward cards, health benefit cards, payroll and benefits disbursement, student aid disbursement, government assistance payments, corporate expense cards, transit cards and any other type of 'system of record' stored value accounts.
The CoreCard software solutions allow customers to optimize their card account management systems, improve customer retention, lower operating costs and create greater market differentiation. The CoreCard solutions are feature-rich, have web interfaces including a standard library of APIs and contain financial transaction processing solutions that allow customers to automate, streamline and optimize business processes associated with the set-up, administration, management and settlement of credit, prepaid and loan accounts, to process transactions, and to generate reports and statements for these accounts. In addition, because the CoreCard products are designed to run on lower cost, scalable PC-based servers, rather than expensive legacy mainframe computers, customers may benefit from lower overall costs since the solution provides scalability by adding additional servers as card volume grows. The CoreCard product functionality includes embedded multi-lingual, multi-currency support, web-based interface, real-time processing, complex rules-based authorizations, account hierarchies, documented APIs for easy integration to the backend functionality and robust fee libraries. These features support customer-defined pricing and payment terms and allow CoreCard's customers to create new and innovative card programs to differentiate themselves in the marketplace and improve customer retention.


   Company Address: One Meca Way Norcross 30093 GA
   Company Phone Number: 381-2900   Stock Exchange / Ticker: NYSE CCRD
   


Customers Net Income grew by CCRD's Customers Net Profit Margin grew to

11.56 %

24.3 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Partnership

CoreCard and Banc of California Join Forces to Advance Commercial Card Market

Published Wed, Feb 21 2024 9:15 PM UTC

CoreCard, a global provider of prepaid and credit technology solutions, has announced a strategic partnership with Banc of California, a leading business bank based in California. The collaboration aims to enhance Banc of California's upcoming generation of commercial card products through the implementation of CoreCard's cutting-edge technology payments platform.With this p...

Corecard Corporation

Corecard Corporation Sees Red as Demand Drops, Earning -$0.03 per Share in Recent Fiscal Period

The stock market can be a rollercoaster ride, with highs and lows that can catch investors off guard. However, it's important to remember that even during challenging times, there are still opportunities for growth and success. One such company that has faced some difficulties recently is Corecard Corporation.
In the third quarter of 2023, Corecard Corporation experienced lower orders, resulting in fading revenue and a greater shortfall. The company slipped into a shortfall of -$0.03 per share, while revenue fell by -7.273% to $13.40 million year on year. These numbers may be disheartening for investors, but it's important to examine the broader context.
When compared to the rest of the Software & Programming industry, Corecard Corporation's drop in business is in strong contrast to the revenue gains seen by its peers. This is a reminder that each company operates in a unique market and faces its own set of challenges. While Corecard Corporation may be experiencing a temporary setback, it's essential to keep in mind that the industry as a whole is thriving.

Corecard Corporation

Amid Augmented Orders, Corecard Corporation Discloses Earnings Erosion for the Q2 2023 Financial Period



In its second quarter financial report for 2023, Corecard Corporation (CCRD) announced a significant increase in revenue compared to the same period last year. However, the company experienced a decline in earnings per share (EPS) during this period, raising concerns among analysts. This article will analyze the financial results, highlighting key figures, and provide context regarding the recent performance of Corecard Corporation's stock.
Financial Results:
1. Revenue: Corecard Corporation recorded a 3.196% increase in revenue, reaching $15.69 million in the second quarter of 2023, compared to $15.21 million in the corresponding period of the previous year.
2. EPS: Despite the growth in revenue, the company's earnings per share dropped by 33.33% to $0.22 per share in Q2 2023. In the same period last year, EPS stood at $0.33 per share.
3. Income: In the prior financial reporting period, Corecard Corporation reported a bottom line of $0.15 per share. However, Q2 2023 saw a decrease in net earnings to $1.875 million, representing a 34.35% decline from $2.856 million in the previous year.

Corecard Corporation

Corecard Corporation Reveals Devastating Plunge in Revenue During Fiscal Year Ending March 31, 2023

Corecard Corporation, a leading provider of prepaid and credit card processing solutions, has released its financial results for the fiscal year ending March 31, 2023. The company reported a sharp drop in revenue and income, with revenue falling by 39.236% to $14.76 million from $24.28 million the previous year. Similarly, bottom-line income fell by 85.51% to $1.256 million from $8.670 million in the corresponding period a year before.
Despite the challenging fiscal year, Corecard Corporation experienced a profitable quarter with profitability growing by 28.1% from $0.12 per share to $0.15 per share. Operating earnings, however, saw an 84.51% decrease, bringing the operating margin down to 12.33% from 48.4% in the first quarter of 2022. The net margin also shrank to 8.51%.






 

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